MISTRAS Group, Inc. announced the hiring of Gennaro (Jerry) D?Alterio and his appointment as Executive Vice President and Chief Commercial Officer responsible for accelerating the development and adoption of new revenue growth strategies. The implementation of these initiatives is a significant step signaling MISTRAS Group?s commitment to delivering increased value to its customers and shareholders. There are a number of additional, similarly impactful initiatives expected to be rolled out in the near future under Project Phoenix.

The Company expects to be able to report on the implementation of additional initiatives on its third quarter 2023 conference call. As such, all business development, sales activities, and strategic marketing will be centralized under the direction of this newly-established position, Chief Commercial Officer. Gennaro (Jerry) D?Alterio, an accomplished executive with an extensive track record of growing businesses, has joined MISTRAS Group in this very exciting role as Executive Vice President and Chief Commercial Officer.

In establishing and centralizing this function, Jerry will be leading the efforts to identify opportunities in fast-growing markets and more rapidly develop and introduce new and better products and services, leveraging our extensive resources across the entire Company. Reporting directly to Ed Prajzner, Senior Executive Vice President and Chief Financial Officer, Mr. D'Alterio will focus on accelerating profitability, defining go-to-market sales strategies, and implementing best-in-class commercial operating models to enhance growth and profitability across the organization. Additionally, Mr. D'Alterio will spearhead a newly-established commercial finance function.

This function is strategically aligned with MISTRAS Group's Project Phoenix and aims to serve as a catalyst for the company's sustainable commercial transformation. With over 20 years of proven executive leadership, Mr. D'Alterio excels at driving commercial transformations. An impactful leader with a consistent track record for fostering success-oriented cultures, he most recently served as the Vice President of Product Management and Director, Global Business Development at CECO Environmental's Fluid Handling & Filtration segment, where he also held the positions of President and Global President.

In these roles, Mr. D'Alterio led initiatives that resulted in exponential revenue growth and significant margin improvements. He also launched multiple new products and assembled a global sales team that successfully expanded international revenue across Europe, the Middle East, Africa, and Asia. Beyond his expertise in sales, Mr. D?Alterio is certified in LEAN enterprise and manufacturing, bringing a unique perspective and set of benefits to MISTRAS' customers.

Mr. D'Alterio holds an MBA and a Bachelor of Science in Mechanical Engineering from Villanova University. He is also a member of the Hydraulic Institute and the International Desalination Association, and serves on the Board of the Aquatic Animal Life Support Operators organization. Mr. D?Alterio was appointed Executive Vice President and Chief Commercial Officer (EVP/CCO) in September 2023.

This strategic hire supports MISTRAS' ongoing commitment to commercial transformation and builds on the foundational work of Project Phoenix.